GENERAL MEETINGS: Outcome of Meeting
| LYSAGHT GALVANIZED STEEL BERHAD |
| Type of Meeting | General |
| Indicator | Outcome of Meeting |
| Date of Meeting | 13 Aug 2020 |
| Time | 10:00 AM |
| Venue(s) |
Ballroom 1, Level 6, Weil Hotel 292, Jalan Sultan Idris Shah 30000 Ipoh Perak Darul Ridzuan Malaysia |
| Outcome of Meeting | The Board of Directors of Lysaght Galvanized Steel Berhad is pleased to announce that all resolutions as set out in the Notice of the Forty-First Annual General Meeting ("41st AGM") of the Company dated 30 June 2020 were duly passed by the shareholders of the Company at the 41st AGM held today.
All the resolutions were voted by poll and the results of the poll were validated by Commercial Quest Sdn. Bhd., the independent scrutineer appointed by the Company.
Details of the results of the poll are set out below.
This announcement is dated 13 August 2020. |
Voting Results |
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1. Ordinary Resolution 1 |
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| Description |
To declare a final single tier dividend of 5 sen per ordinary share for the financial year ended 31 December 2019. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 17 | 0 |
| No. of Shares | 30,900,000 | 0 |
| % of Voted Shares | 100.0000 | 0.0000 |
| Result | Accepted | |
2. Ordinary Resolution 2 |
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| Description |
To approve the payment of Directors Fees of RM432,000/- for the financial year ending 31 December 2020 to the Non-Executive Directors. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 5 |
| No. of Shares | 23,026,400 | 7,873,600 |
| % of Voted Shares | 74.5191 | 25.4809 |
| Result | Accepted | |
3. Ordinary Resolution 3 |
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| Description |
To approve the payment of the meeting allowances of RM107,000/- for the financial year ending 31 December 2020 to the Non-Executive Directors. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 5 |
| No. of Shares | 23,026,400 | 7,873,600 |
| % of Voted Shares | 74.5191 | 25.4809 |
| Result | Accepted | |
4. Ordinary Resolution 4 |
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| Description |
To re-elect Dato Ir. Wan Razali Bin Wan Muda who retire pursuant to Article 23.4 of the Company's Constitution and who has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 5 |
| No. of Shares | 23,026,400 | 7,873,600 |
| % of Voted Shares | 74.5191 | 25.4809 |
| Result | Accepted | |
5. Ordinary Resolution 5 |
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| Description |
To re-elect Ir Aik Siaw Kong who retire pursuant to Article 23.4 of the Company's Constitution and who has offered himself for re-election. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 5 |
| No. of Shares | 23,026,400 | 7,873,600 |
| % of Voted Shares | 74.5191 | 25.4809 |
| Result | Accepted | |
6. Ordinary Resolution 6 |
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| Description |
To re-appoint Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2020 at such remuneration to be determined by the Directors. |
|
| Shareholder’s Action | For Voting | |
| Voted | For | Against |
| No. of Shareholders | 12 | 5 |
| No. of Shares | 23,026,400 | 7,873,600 |
| % of Voted Shares | 74.5191 | 25.4809 |
| Result | Accepted | |
Announcement Info
| Company Name | LYSAGHT GALVANIZED STEEL BERHAD |
| Stock Name | LYSAGHT |
| Date Announced | 13 Aug 2020 |
| Category | General Meeting |
| Reference Number | GMA-13082020-00006 |
| Corporate Action ID | MY200813MEET0006 |